LAN to buy Colombia's Aires for $32.5 million

LAN Airlines, which is in the midst of combining with TAM of Brazil under a holding company structure, is spreading its wings further northward with an agreement to acquire 98.94% of Colombia's Aires for $32.5 million.

LAN A318.
LAN Airlines, which is in the midst of combining with TAM of Brazil under a holding company structure, is spreading its wings further northward with an agreement to acquire 98.94% of Colombia's Aires for $32.5 million.
On Tuesday, LAN reported a third-quarter profit of $106 million.
According to LAN, Aires is Colombia's second largest domestic airline with a 22% market share. Founded in 1980, it serves 27 domestic destinations as well as three outside the country ...